The RBI has approved the reappointment of the incumbent Sandeep Bakhshi as ICICI Bank Ltd.'s chief executive officer and managing director for three years.
Bakhshi's current tenure was to end on Oct. 3. He will continue to serve as the bank's MD and CEO till Oct. 3, 2026, according to an exchange filing on Monday.
He has been holding this position since October 2018, when Chanda Kochchar, the former head of the bank, faced an inquiry over charges of nepotism and conflict of interest. Before this, Bakhshi was a full-time director and the chief operating officer of the bank.
Bakhshi had joined the group in 1986.
During his 36-year-long association with the ICICI Group, Bakhshi has been a part of ICICI, ICICI Lombard General Insurance, ICICI Bank, and ICICI Prudential Life Insurance.
RECOMMENDED FOR YOU
Bihar SIR: Supreme Court's Final Hearing On Pleas Against EC Exercise Scheduled On Oct 7
Sep 15, 2025
Gurugram: Man Assumed Dead Returns Home After 'Cremation' By Family
Sep 06, 2025
M&M, Hyundai India Poised For Gains, Auto Sector Outlook Stable For Two-Years: Macquarie's Sandeep Bhatia
Aug 14, 2025
Minimum Balance Requirements Not In RBI's Regulatory Domain, Says Governor After ICICI Bank's Hike
Aug 11, 2025
POPULAR